United Bancorp, Inc. (NASDAQ:UBCP) Short Interest Update

United Bancorp, Inc. (NASDAQ:UBCP - Get Free Report) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 9,200 shares, a growth of 24.3% from the January 31st total of 7,400 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the shares of the stock are short sold.

United Bancorp Price Performance

Shares of NASDAQ UBCP traded up $0.07 during midday trading on Friday, reaching $13.65. The company's stock had a trading volume of 8,236 shares, compared to its average volume of 4,962. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average price of $13.07 and a 200 day moving average price of $12.97. United Bancorp has a one year low of $11.40 and a one year high of $15.50. The company has a market cap of $79.02 million, a price-to-earnings ratio of 10.75 and a beta of 0.38.

United Bancorp (NASDAQ:UBCP - Get Free Report) last released its earnings results on Friday, February 7th. The financial services provider reported $0.31 EPS for the quarter. United Bancorp had a net margin of 16.83% and a return on equity of 11.73%.

United Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.1825 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 5.35%. This is a positive change from United Bancorp's previous quarterly dividend of $0.18. United Bancorp's payout ratio is currently 57.48%.

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Institutional Investors Weigh In On United Bancorp

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of United Bancorp by 5.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 40,956 shares of the financial services provider's stock valued at $528,000 after acquiring an additional 2,125 shares in the last quarter. Founders Financial Alliance LLC lifted its position in shares of United Bancorp by 11.0% in the 4th quarter. Founders Financial Alliance LLC now owns 36,642 shares of the financial services provider's stock valued at $476,000 after acquiring an additional 3,633 shares in the last quarter. Northern Trust Corp lifted its position in shares of United Bancorp by 40.2% in the 4th quarter. Northern Trust Corp now owns 25,314 shares of the financial services provider's stock valued at $329,000 after acquiring an additional 7,264 shares in the last quarter. BBR Partners LLC purchased a new stake in shares of United Bancorp in the 3rd quarter valued at approximately $131,000. Finally, Wesbanco Bank Inc. lifted its position in shares of United Bancorp by 52.9% in the 4th quarter. Wesbanco Bank Inc. now owns 42,055 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 14,550 shares in the last quarter. Hedge funds and other institutional investors own 15.42% of the company's stock.

About United Bancorp

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans.